Home Latest Apple's Stock Gloom Spreads as More Analysts Trim Price Targets – Bloomberg

Apple's Stock Gloom Spreads as More Analysts Trim Price Targets – Bloomberg


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More analysts covering Apple Inc. are cutting their share-price forecasts, signaling growing concerns about an economic slowdown that could hurt the sales of its products.
Wells Fargo Securities and Morgan Stanley were the latest to lower their price targets, joining a drumbeat of brokerage firms that have recently reduced their stock forecasts ahead of the company’s quarterly results slated to be released next week.


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Nitika is a MCA graduate and works as all-round news writer at The Hoops News. In free time, she works on Photoshop and plays GTA V on her Xbox. A tech-enthusiast at heart, she explores ways that businesses can leverage the Internet and move their businesses to the next level. You can contact her at nitika@thehoopsnews.com.